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Quan Heng, an economist in Shanghai, said the recovering Chinese economy has injected confidence and momentum into the world economy.

The government has rolled out a raft of macro-policy measures, including increased fiscal spending, tax reliefs, and lending rate and reserve requirement ratio cuts to stabilize industrial chains and employment.

To improve the competence of the elderly in terms of technology, measures will be taken to increase the supply of senior-friendly products, redesign internet applications, and enhance technology training for them.

This important announcement once again demonstrated China's firm determination to further open up and was widely welcomed by the international community, Wang said.

Such measures would help ensure the armed forces are always under the absolute Party leadership and always capable of effectively fulfilling designated missions in the new era, thus contributing to the cause of delivering the Party's goal of building a strong military in the new era and building a world-class military in all respects, the statement said.